New Delhi: Talent leaders continue to value quality of hire as the most important metric to track performance, and most organizations are measuring it with employee turnover, finds Global Recruiting Trends 2016 by Linkedin Talent Solutions.
While the urgency to fill roles has made “time to fill” increase slightly, quality of hire continues to be the most valuable performance KPI. Most companies are measuring quality of hire with feedback methodology (such as new hire evaluations and hiring manager satisfaction), or a long-term methodology (employee retention).
Referrals grow as a key source of quality hires. While social professional networks take the top spot in sources of quality hires, employee referrals has grasped the attention of talent leaders worldwide. It’s likely because referred employees have a longer tenure (Jobvite Index) and higher job performance (ERE). As a result, more leaders consider employee referrals to be an essential trend.
After a dip last year, employer brand re-emerges as a top priority. Also, spending on employer brand has significantly increased over the past two years. As a result, organizations are creating more proactive strategies and using more outbound channels, like online professional networks and social media.